VIX is in Zone 1 and the Orange Santa rally is in full melt up mode

BY ANDREW GIOVINAZZI

December 8, 2024

Yo Pit Crazies,

I am not as good as Mark with AI. My AI version of Pres-elect Trump as an orange Santa Claus did not go so well. See below:

Orange Santa Claus generated by AG AI

I am better at making trades. As of the close Friday we have a major confluence of events that we made work of $1 shots Friday. If you were there we put up lots of good ideas. To be honest I like Mark’s idea the best although I think they were all good from Hans and Licia too.

I think Mark’s was the one that could benefit from the Orange Santa Rally the fastest.

Let me explain.

Traders are making a big bet on less regulation and more streamlined approvals

Mark picked Uber Technologies (Ticker: UBER) to rebound. I like that pick and he saw a lot of volume in big money flow this week. With self driving cars on the way and a hot of other goodies from AI UBER should do well.

Also, below VIX has not been this low since July when SPX made a big run before the Carry Bomb event.

A combination of those “Orange Santa” factors should be good for stock prices as investors and fund managers that thought 2024 would be the year of recession so far have turned out to be wrong.

I like VIX to make year lows into Christmas when St Nick arrives and UBER should pick up as well.

To Your Trading Success,